FireTail, a company that specialises in API security, has closed $5m in an early-stage financing raise.
The round was led by Paladin Capital Group and saw participation from Zscaler, Secure Octane, General Advance and a range of high-level cybersecurity executives.
FireTail enables organizations to maintain continuous visibility over their APIs, monitor for threats and prevent breaches with a unique, end-to-end focus on the application layer of cloud-native applications.
The company claims it is engaged with a number of early adopters across North America, Asia-Pacific and Europe, with hundreds of APIs secured and millions of events observed. FireTail is helping early-access customers to build a quick and complete API inventory, and then find and eliminate API security issues.
FireTail CEO and co-founder Jeremy Snyder said, “Fundamentally, the root causes of API data breaches are application logic problems. Our library makes it easy to execute inline, preventative checks against the main attack vectors. This funding will help us expand coverage to multiple code languages, cloud platforms, and geographically.
“We also have new initiatives we’re developing together with our customers to provide true end-to-end API security. We’ll wrap up implementation cycles with this cohort early next year and look forward to doubling the size of the cohort in early 2023.” on a new true end-to-end API security solution, which is scheduled for next year.”
Paladin managing director Mourad Yesayan added, “FireTail is taking a unique approach that makes it easy to embed robust security protection natively within the API itself, rather than trying to adapt legacy network security methods to APIs.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
